Marriott International Inc (MAR)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	3,083,000	2,908,000	2,786,000	2,738,000	2,358,000	2,153,000	1,743,000	1,487,000	1,099,000	467,000	347,000	-309,000	-267,000	176,000	463,000	929,000	1,273,000	1,311,000	1,427,000	1,862,000
Revenue (ttm)	US$ in thousands	23,713,000	23,541,000	22,926,000	22,189,000	20,773,000	19,296,000	17,929,000	15,740,000	13,857,000	11,583,000	9,891,000	8,206,000	10,571,000	13,770,000	16,800,000	20,641,000	20,972,000	20,890,000	20,657,000	20,761,000
Net profit margin		13.00%	12.35%	12.15%	12.34%	11.35%	11.16%	9.72%	9.45%	7.93%	4.03%	3.51%	-3.77%	-2.53%	1.28%	2.76%	4.50%	6.07%	6.28%	6.91%	8.97%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,083,000K ÷ $23,713,000K
= 13.00%

Marriott International, Inc.'s net profit margin has shown a consistent upward trend over the past eight quarters, reflecting the company's improving profitability. The net profit margin has increased from 9.45% in Q1 2022 to 13.00% in Q4 2023. This indicates that Marriott has been effective in managing its costs and generating higher profits relative to its total revenue. The year-on-year comparison also shows a positive trend, with the net profit margin improving from 11.35% in Q4 2022 to 13.00% in Q4 2023. Overall, the company's increasing net profit margin signifies its ability to efficiently translate revenue into profits and enhance shareholder value.